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All Journal International Journal of Financial, Accounting, and Management
Opudu, Okubokeme Derek
Unknown Affiliation
Decision Sciences, Operations Research & Management

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Accounting for the public good: Bridging profit and purpose in addressing Nigeria's development crisis Opudu, Okubokeme Derek; Iweias, Seth Sokiri
International Journal of Financial, Accounting, and Management Vol. 7 No. 2 (2025): September
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijfam.v7i2.3134

Abstract

Purpose: This study investigates how public financial management indicators and corporate social responsibility (CSR) efforts influence national development in Nigeria. It focuses on understanding the link between fiscal governance, private sector accountability, and human development outcomes in the context of Nigeria’s persistent development crisis. Research Methodology: The research employs a quantitative ex-post facto design, analyzing secondary data from 2003 to 2022. Key variables include Capital Expenditure, Debt-to-Revenue Ratio, and the Corruption Perception Index, alongside CSR investment data. A structured econometric model using multiple regression analysis assesses their impact on the Human Development Index (HDI). Results: Findings reveal that capital expenditure has a significant positive impact on HDI, while corruption perception negatively affects development outcomes. Debt financing contributes positively when effectively managed. Conversely, CSR investments show statistically insignificant influence, indicating a disconnect between corporate initiatives and national development priorities. Conclusion: Effective public financial management, particularly in capital investment and anti-corruption strategies, remains crucial for enhancing Nigeria’s HDI. CSR’s limited developmental impact suggests the need for stronger integration into national planning. Limitations: The study is limited by data availability on CSR activities and potential measurement biases in perception-based corruption indices. The exclusion of qualitative CSR outcomes may also under-represent its long-term development impacts. Contribution: This study offers empirical evidence for aligning fiscal discipline with responsible corporate action. It contributes to stakeholder theory and public interest accounting by proposing policy frameworks that link profitability to purposeful national development, especially in emerging economies like Nigeria.
Does Aggressive Tax Strategy Enhance or Hinder Capital Efficiency in Financial Sector Firms Opudu, Okubokeme Derek
International Journal of Financial, Accounting, and Management Vol. 7 No. 4 (2026): March
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijfam.v7i4.2858

Abstract

Purpose: This study investigates whether aggressive tax planning enhances or hinders capital efficiency in the banking sector, using tax avoidance (proxied by the income effective tax rate) as the independent variable and Return on Capital Employed (ROCE) as the dependent variable. Research Methodology: This study employs a quantitative research design using panel regression analysis on selected bank data from 2014 to 2023. Key statistical measures include R-square, adjusted R-square, F-statistics, t-statistics, and Durbin-Watson statistic to test model reliability and variable significance. Results: The findings reveal a statistically significant negative relationship between tax avoidance and capital efficiency. This suggests that banks that engage in aggressive tax planning tend to experience reduced capital utilization efficiency. Conclusions: Aggressive tax planning, while potentially beneficial for short-term tax savings, may hinder banks' ability to deploy capital effectively, leading to diminished financial performance. This study emphasizes the importance of balancing tax strategies with long-term capital efficiency. Limitations: This study is limited by its reliance on the effective tax rate as a proxy for tax avoidance, a focus solely on the banking sector, and the use of publicly available data, which may not fully capture complex tax behaviors or establish causality. Contributions: This study contributes to the literature by highlighting the adverse implications of aggressive tax strategies on capital efficiency, offering insights for banks, regulators, and investors to promote sustainable financial practices within the banking sector.
Co-Authors Iweias, Seth Sokiri